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Technology Advisory Global Market Report 2023 – By Service (Application development, Cloud Services, Cybersecurity and Privacy, Data and Analytics, Technology Strategy and Enterprise Architechture, Other Services), By End Use (Banking, Financial Services, Healthcare, IT and telecom, Government, Other End Uses), By Enterprise Size (Large Enterprise, Small and Medium Enterprise) – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | SKU CODE : r464 | Delivery Time: 2-3 business days | Format :


Technology advisory refers to services that offer advice on developing technology strategies, technology ideation and prototyping, designing digital consulting services, and cybersecurity enhancements. Technology advisory help to create an effective IT strategy, adjust operations to meet corporate objectives, invest in the appropriate technology and implement it, adopt the shifting IT landscape, keep up with the latest technology developments, enhance enterprise architecture, manage and improve IT expenses.

The main types of technology advisory services are application development, cloud services, cybersecurity and privacy, data and analytics, technology strategy and enterprise architecture, and others. Application development refers to the process of building a computer program or a series of programs to fulfil the many functions that a business requires. The different industries include banking, financial services, healthcare, IT and telecom, government, and others and involve various sizes of enterprises such as large enterprises and small and medium-sized enterprises.

The technology advisory market research report is one of a series of new reports from The Business Research Company that provides technology advisory market statistics, including technology advisory industry global market size, regional shares, competitors with a technology advisory market share, detailed technology advisory market segments, market trends and opportunities, and any further data you may need to thrive in the technology advisory industry. This technology advisory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global technology advisory market size will grow from $154.47 billion in 2022 to $161.32 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global technology advisory market size is expected to grow to $184.7 billion in 2027 at a CAGR of 3.4%.

The increasing requirement for simplifying business operating models and IT investment monitoring is a major driver contributing to the growth of the technology advisory market. Technology consulting firms help companies integrate technology into their business operations and create better experiences, thereby improving business processes, reducing costs, and maximizing technology-based opportunities. Technology advisory firms also help companies address cybersecurity concerns and keep data safe. For instance, Louis Vuitton uses technology consulting to create small modules in business and IT strategy and IT governance to run its operations effectively. In addition to this, companies such as Canon and Samsung have been using technology advice to optimize their operations and reduce IT costs. Technology advisory services help companies focus more on core business, access the latest technology, and minimize hardware failure, virus and spyware attacks, and database corruption.

Security and reliability concerns are expected to limit the growth of the technology advisory market. Security hacks, illegal surveillance, lack of transparency, misuse of personal data, and algorithmic bias are some of the key factors that have come along with increased technological advancement. According to Verizon’s 2021 Data Breach Investigations Report, the info-tech sector is highly susceptible to external (66%) and internal (37%) threats, industrial espionage (9%), and financial motives (88%). For example, according to security tracker Firefox Monitor, Paytm Mall, a premier shopping app, experienced a major data breach that affected nearly 3.4 million customers in 2020. Organizations today rely very much on applications and IT software to conduct business. Software defects resulting in unauthorized access and the use of malicious intruders and malicious code to breach the security of the system are adding more to the security and reliability of third-party technology advisory services and hence restraining the market growth.

Artificial Intelligence (AI) is a leading trend gaining traction in various business processes. AI is an amalgamation of different technologies that enables a machine to sense, understand, and act. AI helps businesses identify and solve business problems and drive measurable business value. AI helps in designing hardware infrastructure - on-premise or cloud-based, ingestion, and analysis of big data, and to enable flexibility of computing resources. For instance, in 2022, Tech Mahindra launched YANTR.AI, a cognitive artificial intelligence (AI) solution that automates and simplifies field services. With YANTR.AI, operational efficiency, productivity, and workflow control are enhanced by combining advanced analytics, artificial intelligence (AI), machine learning (ML), and optimisation with people, allowing field operations to be hyper-automated, thus increasing efficiency and customer satisfaction. With the improvement in AI technology with every passing day, it is gaining huge importance in data expertise, business processes, and workflow management.

In October 2020, Accenture PLC., an Ireland-based global professional services company providing services in strategy, consulting, technology, and operations, acquired SALT Solutions AG, a German technology consultancy, for an undisclosed amount. The acquisition is expected to help Accenture plc build a cloud-based industrial internet-of-things (IoT) platform that will enable the client to reduce quality and waste issues in the whole supply chain. SALT has deep expertise in manufacturing and supply chain systems, complementing Accenture's expertise in cloud solutions and planning systems. The acquisition will help Accenture to expand its digital manufacturing and operations business in Germany. SALT Solutions AG is a German technology consultancy company implementing and maintaining IT systems for a variety of companies across different sectors.

Major players in the technology advisory market are Fujitsu Ltd., HCL Technologies Limited, Booz & Co., Infosys Limited, Dell Technologies Inc., KPMG, IBM Corporation, Tata Consultancy Services Limited, Ernst & Young (EY) and McKinsey & Company.

North America was the largest region in the technology advisory market in 2022. Western Europe was the second largest region in the global technology advisory market. The regions covered in the global technology advisory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the technology advisory market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The technology advisory market consists of revenue earned by entities that provide advisory services to clients to identify, prioritize, design, and manage their investments in a various advanced technology. Technology advisory services provide consultancy on developing technology strategies, technology ideation and prototyping, design digital consulting services, and ways to enhance cybersecurity. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The global technology advisory market is segmented -

1) By Service: Application development, Cloud Services, Cybersecurity and Privacy, Data and Analytics, Technology Strategy and Enterprise Architechture, Other Services

2) By End Use: Banking, Financial Services, Healthcare, IT & telecom, Government, Other End Uses

3) By Enterprise Size: Large Enterprise, Small and Medium Enterprise

    Table Of Contents

    1. Executive Summary

    2. Technology Advisory Market Characteristics

    3. Technology Advisory Market Trends And Strategies

    4. Technology Advisory Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Technology Advisory Market

    4.2 Ukraine-Russia War Impact On Technology Advisory Market

    4.3 Impact Of High Inflation On Technology Advisory Market

    5. Technology Advisory Market Size And Growth

    5.1. Global Technology Advisory Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Technology Advisory Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Technology Advisory Market Segmentation

    6.1. Global Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Application development

    Cloud Services

    Cybersecurity and Privacy

    Data and Analytics

    Technology Strategy and Enterprise Architechture

    Other Services

    6.2. Global Technology Advisory Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Banking

    Financial Services

    Healthcare

    IT & telecom

    Government

    Other End Uses

    6.3. Global Technology Advisory Market, Segmentation By Enterprise Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Large Enterprise

    Small and Medium Enterprise

    7. Technology Advisory Market Regional And Country Analysis

    7.1. Global Technology Advisory Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Technology Advisory Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Technology Advisory Market

    8.1. Asia-Pacific Technology Advisory Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Technology Advisory Market

    9.1. China Technology Advisory Market Overview

    9.2. China Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Technology Advisory Market

    10.1. India Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Technology Advisory Market

    11.1. Japan Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Technology Advisory Market

    12.1. Australia Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Technology Advisory Market

    13.1. Indonesia Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Technology Advisory Market

    14.1. South Korea Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Technology Advisory Market

    15.1. Western Europe Technology Advisory Market Overview

    15.2. Western Europe Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Technology Advisory Market

    16.1. UK Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Technology Advisory Market

    17.1. Germany Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Technology Advisory Market

    18.3. France Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Technology Advisory Market

    19.1. Eastern Europe Technology Advisory Market Overview

    19.2. Eastern Europe Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Technology Advisory Market

    20.1. Russia Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Technology Advisory Market

    21.1. North America Technology Advisory Market Overview

    21.2. North America Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Technology Advisory Market

    22.1. USA Technology Advisory Market Overview

    22.2. USA Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Technology Advisory Market

    23.1. South America Technology Advisory Market Overview

    23.2. South America Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Technology Advisory Market

    24.1. Brazil Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Technology Advisory Market

    25.1. Middle East Technology Advisory Market Overview

    25.2. Middle East Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Technology Advisory Market

    26.1. Africa Technology Advisory Market Overview

    26.2. Africa Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Technology Advisory Market Competitive Landscape And Company Profiles

    27.1. Technology Advisory Market Competitive Landscape

    27.2. Technology Advisory Market Company Profiles

    27.2.1. Booz & Co

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Deloitte

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Bain & Company

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. The Boston Consulting Group

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Accenture PLC

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Technology Advisory Market

    29. Technology Advisory Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Technology Advisory Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Technology Advisory Market, Segmentation By Enterprise Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Technology Advisory Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Technology Advisory Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Asia-Pacific, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: China, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: India, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: Japan, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Australia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Indonesia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: South Korea, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: Western Europe, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: UK, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: Germany, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: France, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: Eastern Europe, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Russia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: North America, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: USA, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: South America, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: Brazil, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Middle East, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Africa, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Booz & Co Financial Performance
  • Table 27: Deloitte Financial Performance
  • Table 28: Bain & Company Financial Performance
  • Table 29: The Boston Consulting Group Financial Performance
  • Table 30: Accenture PLC Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Technology Advisory Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Technology Advisory Market, Segmentation By Enterprise Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Technology Advisory Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Technology Advisory Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Asia-Pacific, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: China, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: India, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: Japan, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Australia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Indonesia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: South Korea, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: Western Europe, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: UK, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: Germany, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: France, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: Eastern Europe, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Russia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: North America, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: USA, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: South America, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: Brazil, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Middle East, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Africa, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Booz & Co Financial Performance
  • Figure 27: Deloitte Financial Performance
  • Figure 28: Bain & Company Financial Performance
  • Figure 29: The Boston Consulting Group Financial Performance
  • Figure 30: Accenture PLC Financial Performance
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